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The man making Whitehall assets count
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The first major change in 130 years to the government's
accounting system is under way. Cash accounting - which treated
each financial year in isolation, failed to account for the use of
fixed assets, and treated all assets as if they had no cost - is
being phased out, to be replaced by a system of accruals accounting
that will be broadly recognisable to accountants in the private
sector.
Although resource accounting, as the government terms it, was
unveiled two years ago by the Conser...
Related newspaper, magazine, and journal articles from HighBeam Research
 "Management Accounting (British)")
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Resource accounting: myth and reality.
Management Accounting (British)
; Francis McGeough believes that the move to resource accounting will make available much more information on the impact of spending decisions and whether programmes are achieving their objectives There has been much discussion in recent times about the benefits of resource accounting by government.
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More than just counting numbers
The Independent - London
; The Government will today spell out what resource accounting can achieve for the public sector. It will stress that benefits will include improved management of fixed assets, the introduction of standard accounting systems for the public and private sectors, and aid the further decentralisation of
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Banks' Accounting Systems Showing Their Age.
Bank Technology News
; By Lisa Valentine Banks rely on their accounting systems for some serious number-crunching calculations, such as determining customer profitability. But a new study questions whether these systems are up to the task. The problem, according to one new study, is that most banks have accounting
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The changing landscape of computerized accounting systems
The CPA Journal
; ... with cheaper and more powerful computers, have given rise to a new breed of accounting systems beyond the high end. The good news, however, is that while the pricing of the new breed is not cheap, it is far less than the mainframe- and minicomputer-based ...
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Private by name and nature
The Independent - London
; Parliament may be excluded from important expenditure decisions, including some military procurement, unless the guidelines implementing resource accounting are tightened up, the National Audit Office has warned. The Government's White Paper proposing how private sector accruals accounting can be
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